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Technology Stocks : Creative Labs (CREAF)
CREAF 0.4700.0%Dec 26 9:30 AM EST

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To: BZOOKA who wrote (6258)12/3/1997 1:00:00 AM
From: virgil vancleave  Read Replies (1) of 13925
 
looking closely at some charts for a few companies. some such as altera, veco, and even nke charts looking very bearish and would be good shorts here. but creaf as well as dell and a few others look ok. take a look at dell recently and you will see that it dropped to 70 and is now back to upper 80's and once again breaking above the 50 day ma. it just barely touched the 200 day and bounced strongly.
also couldn't help but notice the trading in creaf. it has done this little whipsaw a few times already and i don't think this one is any different. it has had 5 to 6 point swings when the price was much lower which if you were good you could have doubled more than once. we have an excellent buying opportunity in front of us. not only that the products are selling quite well and stores are having trouble keeeping them in stock.
i want to buy more tomorrow and will as soon as i sell another holding as i don't like to load up too much on margin.
good luck all and hope this helps.
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